Canadian Lender Callidus Capital Plans to Raise C$175 Million in IPO

Deal Could Signal Renewed Life in Canada's IPO Market

TORONTO—Callidus Capital Corp. aims to raise 175 million Canadian dollars ($158.3 million) this month from a planned initial public offering, according to marketing material for the issue, in a deal that would value the company at around C$500 million.

The issue, if it proceeds, could signal renewed life in Canada's IPO market after a moribund first quarter. The country's flagship Toronto Stock Exchange failed to attract any IPOs in the first three months of 2014--the first time that had happened since the first quarter of...